Includes index. Fare, R., Grosskopf, S., Lundgren, T., Marklund, P-O, & Zhou, W. (2017). The impact of climate policy on environmental and economic performance: Evidence from Sweden. London: Routledge.

Introduction -- Policy background -- Data -- Result highlights -- The organization of the book -- Method and models -- Models of technology in terms of sets, including goods and bads -- Representing the technology by distance functions -- Formulating technology in terms of (nonparametric) data envelopment analysis -- Estimating performance with nonparametric and parametric forms -- Profit efficiency: stochastic frontier analysis -- Productivity: should we include bads? Introduction -- The directional output distance function and Luenberger productivity indicator -- The DEA formulations -- Data -- Results -- Environmental performance and productivity: the role of national and EU-level climate policy -- Industrial environmental (carbon) performance and the Swedish CO2 tax, 1990-2004 -- Productivity, carbon prices, and incentives for technological progress: evidence from the pulp and paper industry, 1998-2008 -- The Swedish CO2 tax, environmental performance, and impact on profits: a stochastic frontier analysis -- The CO2 tax and impact on profits -- The CO2 tax, environmental performance, and profits -- Regulation and unintended consequences: which bad is worst? -- Unintended consequences -- Which bad is worst? -- Data -- Results -- Cost-benefit analysis with DEA: measuring expense effectiveness -- Introduction -- Cost-benefit analysis and DEA -- Measuring expense effectiveness -- Data -- Results

Sweden has a long history of ambitious environmental, energy and climate policy. Due to the large amount of data available it is possible to perform statistically sound analysis and assess long term changes in productivity, efficiency, and technological development. The data at hand together with Sweden's ambitious energy and climate policy provides a unique opportunity to shed light on pertinent policy issues. The Impact of Climate Policy on Environmental and Economic Performance answers several key questions: What is the effect of the CO2 tax on environmental performance and profitability of firms? Does including emissions in productivity measurement of the industrial firm matter? Did the introduction of the EU ETS spur technological development in the Swedish industrial firm? What air pollutant is most inhibiting production when regulated? Being aware and learning from the Swedish case can be very relevant for countries that are in the process of shaping their climate policy. This book is of great importance to researchers and policy makers who are interested in environmental economics, industrial economics and climate change.